West Michigan Advisors LLC Purchases 1,877 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

West Michigan Advisors LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 23.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,796 shares of the company’s stock after acquiring an additional 1,877 shares during the period. West Michigan Advisors LLC’s holdings in Palantir Technologies were worth $741,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC increased its position in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank acquired a new position in shares of Palantir Technologies during the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its position in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC increased its position in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on PLTR shares. Baird R W raised Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Citigroup boosted their price target on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. DA Davidson boosted their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Finally, Robert W. Baird boosted their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.21.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $84.86 on Friday. The stock’s fifty day moving average price is $87.09 and its two-hundred day moving average price is $61.43. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The firm has a market cap of $193.31 billion, a price-to-earnings ratio of 446.64, a P/E/G ratio of 10.84 and a beta of 2.81.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the transaction, the insider now owns 170,273 shares in the company, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.43, for a total value of $2,772,900.00. Following the completion of the transaction, the insider now owns 702,786 shares in the company, valued at approximately $64,958,509.98. The trade was a 4.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,689,783 shares of company stock worth $475,417,043. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.